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Kaba Holding AG

euro adhoc: Kaba Holding AG
Kaba reports gradual uptrend in sales (E)

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
Within the scope of the "Kaba talks" that are taking place today, the
management will also inform the participating analysts and business
partners about the course of business from January 1 to March 31,
2004. This information could be regarded as share-price-relevant. In
the interest of maintaining high communication standards and
complying with the regulations of the SWX Swiss Exchange with respect
to ad-hoc publicity, Kaba has resolved to publish the following press
release.
Rümlang, May 7, 2004  -  The trend in sales generated by the Kaba
Group in the third quarter of financial 2003/04 suggests that the
long-awaited rebound in the security sector is   gradually beginning
to materialize. In the period from January 1 to March 31, 2004, Kaba
posted a 3% gain in currency-adjusted organic growth in comparison
with the same prior-year quarter. In the first half of financial
2003/04 (July 1 to December 31, 2003), currency-adjusted sales - as
published in the semi-annual report on March 8, 2004 - lagged 1%
behind the prior-year period.
Moreover, for the first time since the acquisition of Unican in April
2001, the appreciation of the Euro resulted in a positive currency
effect. Consequently, consolidated sales expressed in Swiss francs
grew by more than the above-mentioned 3% in the period from January
to March 2004.
Kaba’s CEO Ulrich Graf commented: "I believe that the positive trend
versus the prior year is already reflected in the earnings
expectations. The residual risks are related mainly to currency
developments - in particular a further depreciation of the US dollar
versus the Swiss franc - and rising commodity prices."
Kaba is a globally active, publicly traded security corporation. With
its «Total Access» strategy, the Kaba Group is specialized in
integrated solutions for security, organization, and convenience at
building and information access points. Kaba is also the world
market’s No. 1 provider of key blanks, key cutting and coding
machines, transponder keys, and high security locks. It is a leading
provider of electronic access systems, locks, master key systems,
hotel locking systems, security doors, and automatic doors. Further
information is available at www.kaba.com
This communication contains certain forward-looking statements
including statements using the words "believes", "assumes", "expects"
or formulations of a similar kind. Such forward-looking statements
involve known and unknown risks, uncertainties and other factors
which could lead to substantial differences between the actual future
results, the financial situation, the development or performance of
the Company and those either expressed or implied by such statements.
Such factors include, among other things: competition from other
companies, the effects and risks of new technologies, the Company's
continuing capital requirements, financing costs, delays in the
integration of acquisitions, changes in the operating expenses, the
Company's ability to recruit and retain qualified employees,
unfavorable changes to the applicable tax laws, and other factors
identified in this communication. In view of these uncertainties,
readers are cautioned not to place undue reliance on such
forward-looking statements. The Company accepts no obligation to
continue to report or update such forward-looking statements or
adjust them to future events or developments.
end of announcement        euro adhoc 06.05.2004

Further inquiry note:

Ulrich Graf, CEO; Tel. +41 1 818 90 21
Dr. Werner Stadelmann, CFO; Tel. +41 1 818 90 61

Branche: Semiconductors & active components
ISIN: CH0011795959
WKN: 1179595
Index: SPI
Börsen: SWX Swiss Exchange / official dealing

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